Regulators develop systemic-risk list of 30 financial groups

11/30/2009 | Financial Times (tiered subscription model)

The Financial Stability Board developed a list of 30 financial institutions, including HSBC, UBS, JPMorgan Chase, several other banks and six insurance companies, pegged for cross-border regulatory exercises. The effort is designed to address systemically important international financial companies and pre-empt the spread of risks in any future financial crisis. Barclays, Royal Bank of Scotland, Banco Santander, Mitsubishi UFJ Financial Group, UniCredit, Deutsche Bank and Credit Suisse also are on the list.

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